Chicago, IL 60659 5620 N Western Avenue

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Presented By: EXIT Strategy Realty
  • MLS# 12339360
  • 04/15/2025
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  • SQFT • 4,800

Home Details

ARCADIA TERRACE INVESTMENT OPPORTUNITY---FULLY occupied THREE-lot / THREE pin investment/owner property with a tremendous traffic count and C1-2 ZONING for many businesses. Rent increases coming in September. ALL TENANTS ARE ON YEARLY LEASES EXCEPT FOR 5822 WHICH IS M-T-M. From left to right it consists of: 5618-gated parking lot/5620 three story mixed use---ALL NEW REHAB-- with a store, 200 amp panel, front-back office plus three private offices, upstairs has two 2-BR apartments, 100 amp panel, with separate dining, all with separate NEW HVAC plus hardwood floors plus all NEW steel back decks, NEW hot water tank, NEWER roof-5 years, rebuilt parapets, tuckpointed/5622 is a free standing 1 story flexi-core commercial garage---levels can be added---200-amp 3-phase+200amp panel. Tenants in 5620 all expire in 2024, 5620+18 are MTM, rents. Just slightly north of Bryn Mawr and adjacent to the booming Devon corridor along with Lincoln Square, Ravenswood, Edgewater. Easy access to public transportation and Lake Shore Drive.
Presented By: EXIT Strategy Realty

Interior Features for 5620 N Western Avenue

Other Interior Features

FlooringCarpet, Wood

General for 5620 N Western Avenue

Additional Parcels Y/NYes
Cap Rate7.6
CityChicago
Construction MaterialsBrick
CoolingCentral Air
CountyCook
Current UseCommercial, Office, Automotive
DirectionsJust a little North or Bryn Mawr on the west side of the street
ElectricSeparate Meters, Service - 101 to 200 Amps, Three Phase
Electric Expense
Fuel Expense3150
Gross Income133673
Insurance Expense2204
Lot Size Square Feet9375
MLS AreaCHI - West Ridge
ModificationTimestamp2025-05-03T08:01:13.407Z
Net Operating Income90625
Number Of Units Total5
Operating Expense41619
PossessionClosing
Possible UseOther
Property TypeCommercial Sale
Property TypeMixed Use
RoofRubber
Standard StatusActive
StatusActive
Stories Count3
Tax Annual Amount24110
Tax Year2023
Tenant PaysAir Conditioning, Electricity, Heat, Scavenger, Sewer
Trash Expense0
UtilitiesElectricity Available, Natural Gas Available
Water Sewer Expense0
Year Built1938
ZoningCOMMR

Exterior for 5620 N Western Avenue

Building Area Total4800
Foundation DetailsConcrete Perimeter
Frontage TypeCity Street
Lot Dimensions75 X 125
Water SourceMunicipal Water

Additional Details

Price History

Client Care

Price $1,199,000
MLS#12339360
List Date 04/15/2025
Property Type Commercial
Phone 847.485.2500
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